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. >> obviously the governor knows his tax cut isn't too popular. so a few wicks before the election he is trying to pretend it doesn't exist. >> reporter: romney is in virginia today if a rally and what is being called a major foreign policy address. excerpts from the speech have already been released. romney witness a change of course in the middle east, including tougher sanctions on iran. and he will call on the u.s. to work with other nations to arm rebels in syria with weapons that can defeat the presence's army. -- the president's army. romney promised to be a strong international leader if elected. >> when i am president i will take the care it takes to rebuild our principles and restore the principles of main america so far. >> reporter: the republican nominee also couldn't resist taking another shot at the president's debate performance. >> now today, days later, we are hearing his excuses and next january we'll be watching him leave the white house for the first time. >> reporter: first up later this week will be the vice presidential deb
. >> obviously the governor knows his tax cut isn't too popular. so a few wicks before the election he is trying to pretend it doesn't exist. >> reporter: romney is in virginia today if a rally and what is being called a major foreign policy address. excerpts from the speech have already been released. romney witness a change of course in the middle east, including tougher sanctions on iran. and he will call on the u.s. to work with other nations to arm rebels in syria with weapons...
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Oct 3, 2012
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how in lord's name can they justify raising their taxes with these tax cuts. look, folks, we've seen this movie before. >> a romney spokeswoman says she couldn't agree more. she agrees the president's policies have, quote, buried the middle class. congressman paul ryan hit the campaign trail in iowa tuesday. his stump speech focused on the economy and in an interview with a local tv station, ryan talked about what he called the unraveling of the obama administration's foreign policy. >> iran closer to a nuclear weapon, the russians are thwarting us every step of the world. people around the world sense america is weakening. when we project weakness abroad through the qirve indication of this administration, through the devastating defense cuts they're proposing, that means our enemies, our adversaries become more brazen. they're more willing to test us. >> congressman ryan also called the white house response to the consulate attack in libya, quote, slow and confused. >>> millions of americans will watch tonight's debate by some estimates maybe 50 million. it'
how in lord's name can they justify raising their taxes with these tax cuts. look, folks, we've seen this movie before. >> a romney spokeswoman says she couldn't agree more. she agrees the president's policies have, quote, buried the middle class. congressman paul ryan hit the campaign trail in iowa tuesday. his stump speech focused on the economy and in an interview with a local tv station, ryan talked about what he called the unraveling of the obama administration's foreign policy....
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Oct 5, 2012
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. >>> montgomery county lawmakers are giving the plastic bag tax another look. right now you have to pay a nickel. county council president says the tax may have hit too many kind of retailers. and it may need to be narrowed since the tax was put in place january 1st, it brought in nearly $170,000 a month for the county. >>> the time right now is 6:06. and i am watching your money. the september unemployment report comes out this morning. economists predict 110,000 jobs were added in the last month but they believe the ton employment rate -- the unemployment rate will go up to 8.2%. that's up one tenth of a percent from last month. in the meantime mortgage rates once again hitting record lows. freddie mac has the average three year rate at 3.36%. they have led more homeowners to refinance and that could potentially help jump-start the economy. >>> in the last few minutes "consumer reports" issued the results of its tests on the iphone 5. it compared the new phone to the android. "consumer reports" found that since the iphone 5 is now on the 4g network it is as f
. >>> montgomery county lawmakers are giving the plastic bag tax another look. right now you have to pay a nickel. county council president says the tax may have hit too many kind of retailers. and it may need to be narrowed since the tax was put in place january 1st, it brought in nearly $170,000 a month for the county. >>> the time right now is 6:06. and i am watching your money. the september unemployment report comes out this morning. economists predict 110,000 jobs were...
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Oct 3, 2012
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it would grant the district government the power to spend local tax dollars without congressional approval. the council plans to vote on this by december. then it would go before d.c. voters next spring. if passed, congress or the president could still squash it while the entire council signed on to the deal, d.c. delegate eleanor holmes norton opposes it. she says she'll keep pushing congress to pass a budget economy bill. >>> five minutes after 5:00. time for the latest your money report. >> jessica doyle is here with today's headlines. good morning. >> good morning. this is the biggest part of the economy where the white collar jobs are created. dat institute for supply management -- today the stews for supply management releases its index for september. that could provide a hint about friday's big monthly reports that everybody is watching. wall street had a mixed finish yesterday. checking the numbers. the dow stands this morning at 13,482. the nasdaq down by six points and the s&p 500 was up by about a point. ifif our -- if you headed to the auto dealership, you had a lot of company.
it would grant the district government the power to spend local tax dollars without congressional approval. the council plans to vote on this by december. then it would go before d.c. voters next spring. if passed, congress or the president could still squash it while the entire council signed on to the deal, d.c. delegate eleanor holmes norton opposes it. she says she'll keep pushing congress to pass a budget economy bill. >>> five minutes after 5:00. time for the latest your money...
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Oct 4, 2012
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extension of the bush tax cuts. that's another trillion dollars. and $2 trillion in additional military spending that the military hasn't asked for. >> i don't have a $5 trillion tax cut. i don't have a tax cut of a scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. >> reporter: all right. two contending points there. only one of them can be right. paul singer, the fact checker here tonight, political editor at "u.s.a. today." who's right? >> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut because what he says is if it will -- says but it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> reporter: okay. bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has nev
extension of the bush tax cuts. that's another trillion dollars. and $2 trillion in additional military spending that the military hasn't asked for. >> i don't have a $5 trillion tax cut. i don't have a tax cut of a scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. >> reporter: all right. two contending points there. only one of them can be right. paul singer, the fact checker here tonight, political editor at "u.s.a....
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up by about 2 -- could see its taxes go up by about $2,000 if congress does not extend a slew of tax cuts set to expire in december. >>> today marks one year since the occupy movement hit d.c. and supporters say their fight for financial change is not over. >> reporter: i'm at freedom plaza. a few dozen people came out to take part in the occupy d.c. movement and hit a number of targets including the u.s. chamber of commerce and pepco. >> whose streets? no streets. tear up the concrete! >> reporter: on the one year anniversary of the occupy movement demonstrators took to the streets again. >> all day all week occupy k street! >> reporter: this year a few dozen made their way through downtown d.c., a sharp contrast from a year ago when freedom plaza and k street were filled with tents and people. >> you have no hope for real change in this country if you don't have a movement that stands up for all people. >> reporter: their targets are banks, businesses and government agencies along the k street corridor. >> fight, fight, fight! >> reporter: their fight against what they call corpora
up by about 2 -- could see its taxes go up by about $2,000 if congress does not extend a slew of tax cuts set to expire in december. >>> today marks one year since the occupy movement hit d.c. and supporters say their fight for financial change is not over. >> reporter: i'm at freedom plaza. a few dozen people came out to take part in the occupy d.c. movement and hit a number of targets including the u.s. chamber of commerce and pepco. >> whose streets? no streets. tear up...
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we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates and one vice presidential debate still coming up. >> who do you think won the debate? was there a clear winner? that is the question we are talking about this morning. we want to hear your thoughts an invite you to post them on our facebook page. we will share your comments throughout the morning. >>> other stories making headlines, a voter watchdog group says it has uncovered voter fraud in maryland. the group election integrity maryland claims it found evidence that some people registered to vote using the names of dead people or registered to vote twice in
we cut taxes for middle class families by about $3600. the rope is because i believe that we do best when the middle class is doing well. and by giving them those tax cuts, they had a little more money in their pocket. so maybe they can buy a new car. they are certainly in a better position to weather the extraordinary recession we went through. they can buy a compute fore their kid going off to college. >> the interest and the principal -- >> there are two more presidential debates...
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Oct 1, 2012
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tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large because the nation's biggest tax cuts all expire three months from now on new year's day. they include the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. many economists are concerned that a tax increase of that size could shock the eco
tax experts said today 90% of american families are facing what they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. wyat >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
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their taxes to offset the tax which brings their trucks in line with restaurants. >>> family guy creator seth mcfarland will host the oscars. he says he's honored and hopes the academy doesn't find out he was master of ceremonies for the roast of charlie sheen. the 2012 acme awards will air -- academy awards will air on february 24th. >> saw that roast with charlie sheen, very funny, a little raunchy but pretty funny. >> 72 was the high, light showers in the metro area, that's kind of the bad news. the good news is we have light showers, nothing heavy for the metro area. october 1st is what, anita? >> it's the start of breast cancer awareness, also domestic violence. there's a lot of awareness months right now. >> let me show you the live shot outside, our live weather cam brought to you by michael and son. >> beautiful, the white house in pink. >> 66 right now, light showers, dew point 53. the temps going down, dew point coming up to meet it, winds out of the west, northwest now at 5 miles an hour. satellite picture radar combined, this is going to be the main focus of the heavy activit
their taxes to offset the tax which brings their trucks in line with restaurants. >>> family guy creator seth mcfarland will host the oscars. he says he's honored and hopes the academy doesn't find out he was master of ceremonies for the roast of charlie sheen. the 2012 acme awards will air -- academy awards will air on february 24th. >> saw that roast with charlie sheen, very funny, a little raunchy but pretty funny. >> 72 was the high, light showers in the metro area,...
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no economists can say mit rom if i's tax plan adds $5 trillion when i say i will not add to the tax plan with my plan. >> for 18 months you've been running on this tax plan. now five weeks before the election, he's saying that his big bold idea is never mind. >> reporter: so a lot of back and forth during the debate. it was difficult to tell at times who was telling the truth. one thing as i mentioned, one thing that was noticeably absent from the debate were the personal attacks, especially that president obama never once mentioned romney's 47% comment, his taxes, his offshore bank accounts, none of that but still even without the personal attacks, that didn't turn away viewers. this was the most tweeted about political event in u.s. history. andrea, mike, get this. 10.3 million tweets about the debate in just 90 minutes. amazing. >> it is. thank you. we'll keep following this and have more reports later on in the morning from kristen fisher -- kristin fisher. >>> the morning after reports have mostly given the debate win to mitt romney. former governor bob ehrlich says president obama
no economists can say mit rom if i's tax plan adds $5 trillion when i say i will not add to the tax plan with my plan. >> for 18 months you've been running on this tax plan. now five weeks before the election, he's saying that his big bold idea is never mind. >> reporter: so a lot of back and forth during the debate. it was difficult to tell at times who was telling the truth. one thing as i mentioned, one thing that was noticeably absent from the debate were the personal attacks,...
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yes, we do. >> reporter: biden says the superwealthy need to pay more in taxes. romney says that would kill jobs. susan mcginnis, cbs news, washington. >> jobs will be the focus of both candidates today when the labor department released the september jobs report later this morning. >>> 91 people in seven cities
yes, we do. >> reporter: biden says the superwealthy need to pay more in taxes. romney says that would kill jobs. susan mcginnis, cbs news, washington. >> jobs will be the focus of both candidates today when the labor department released the september jobs report later this morning. >>> 91 people in seven cities
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a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates. >> but supporters say it's only fair to give some people a path to fulfill their dreeps. >> this is a chance -- dreams. >> this is a chance for me to go to the university of maryland. >> reporter: he is a dreamer. >> to become a doctor and give back to society. probably i could be saving your life in the future. >> reporter: his parents brought him to the u.s. at 12. he graduated from kennedy high school, earned straight as at montgomery college, was diagnosed with bone cancer at 18. >> i want to save lives. my life was saved once. >> reporter: he says he could scrape together enough money to afford in state tuiti
a study by the tax policy center finds the average tax bill will go up by 20% in 2013 if lawmakers allow a lift of cuts to expire at the end of the year. economists warn the tax cuts combined with automatic spending cuts could throw the fragile u.s. economy back into a recession. >>> next month maryland voters will decide whether or not hundreds of students can afford to go to college. critics claim the dream act rewards illegal immigrants by giving them in state tuition rates....
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the county council president says the tax may hit too many kinds of realtors. and it may need to be narrowed. since the tax was put in place, january 1st, it has brought in nearly $170,000 a month for the county. >>> a grandmother and an infant are alive today and that's thanks to the quick actions of prince george's county firefighters. their apartment on 85th avenue and new car rollton caught fire this morning. one of the residents who got out spoke to us about what happened. >> as soon as i came out of the down -- the fire department was running in and they busted through the door right here. got the fire done and the lady up here, she had her baby. so they had to put the ladder up the and make sure they brought the baby down probably and they did all that. so yeah everything was -- it was done correctly. >> the cause of the fire is being investigated. >>> a man is fighting for his life after he jumped from the second floor of a burning townhouse. flames broke out around 6:00 last night at the court complex in northwest washington. crews managed to rescue tw
the county council president says the tax may hit too many kinds of realtors. and it may need to be narrowed. since the tax was put in place, january 1st, it has brought in nearly $170,000 a month for the county. >>> a grandmother and an infant are alive today and that's thanks to the quick actions of prince george's county firefighters. their apartment on 85th avenue and new car rollton caught fire this morning. one of the residents who got out spoke to us about what happened....
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. >> obviously the governor knows his trillion tax cut isn't too popular so a few weeks before this election he's trying to pretend it doesn't exist. >> reporter: romney is in virginia today for a rally and what is being called a major foreign policy address. excertains from the speech have already been released. romney want as change of course in the middle east including tougher sanctions on iran and he'll call on the u.s. to work with other nations to arm rebels in syria with reupons that can defeat bashir al assad's army. at a rally in florida, romney promised to be a strong international leader if elected. >> when i'm president oil take the care it takes to rebuild our principles and restore the principles that made america strong. >> reporter: the republican nominee couldn't resist taking another shot at the president's debate performance. >> now of course days later we're hearing his excuses and next january we'll watch him leave the white house for the last time. >> reporter: there's two more debates schedule. later this week is the vice presidential debate. now the obama camp is dis
. >> obviously the governor knows his trillion tax cut isn't too popular so a few weeks before this election he's trying to pretend it doesn't exist. >> reporter: romney is in virginia today for a rally and what is being called a major foreign policy address. excertains from the speech have already been released. romney want as change of course in the middle east including tougher sanctions on iran and he'll call on the u.s. to work with other nations to arm rebels in syria with...
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>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut? because what he says, if it will -- it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the romney-ryan plan has never specified exactly what the loopholes they will close or how the math adds up, but they say it is not a $5 trillion tax cut because it has these other residual benefits. >> our coverage at wusa9.com continues. get more fact checks from "u.s.a. today" right there and see how a university of maryland professor helped in gauging the instant reaction. hear more from the candidates themselves. all that and more right now on the front page of wusa9.com. and of course we will have coverage the vice presidential candidates coming up with their debate which is one week from tonight. >>> ever
>> mitt romney does have tax cuts in his plan. the issue is it really a $5 trillion tax cut? because what he says, if it will -- it will make more revenue because it creates more jobs. those people then start paying taxes. so it doesn't actually cut revenues to the government. but there are cuts in the tax rate that individuals pay. i'm not sure how to count whether that is or is not a tax cut. >> bottom line, $5 trillion not $5 trillion or there is no bottom line? >> the...
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a tax increase. if existing tax cuts are allowed to automatically expire, the average tax increaswould be $ $3500 a year, a middle income american would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. >>> on wall street, the dow added 77 points while the nasdaq lost two points. jp morgan chase is being sued over dealings made by bear stearns, the investment bank it acquired in 2008. new york's attorney general filed the suit claiming bear stearns misled investors. the suit is the first to be filed under a group set up by the obama administration to investigate misconduct that caused the 2008 financial crisis. jp morgan says it will will contest the suit. >>> american express is paying $112 million in refunds and fines to settle accusations it duped customers. federal regulators say the credit card company charge unlawful late fees and deceived card holders into
a tax increase. if existing tax cuts are allowed to automatically expire, the average tax increaswould be $ $3500 a year, a middle income american would see their tax bill rise by $2,000. >>> overseas marks were mixed this morning. tokyo's nikkei shed a fraction on concerns of company earnings, while south korea's kospi grained a fraction. >>> on wall street, the dow added 77 points while the nasdaq lost two points. jp morgan chase is being sued over dealings made by bear...
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in monaco they pay zero income tax, zero capital gains tax and zero inheritance tax. this is one of an army of accountants who help the wealthy tax kpiexiles. >> if you have a lot of money you're welcome. >> reporter: is this a safe place to enjoy wealth, is that right? >> absolutely. the monaco lifestyle. >> reporter: he lives in monaco and tennis championship and the super model and former beatle ringo starr are reportedly residents. keeping them company are thousands of millionaires to park in monaco they have to show they don't have a criminal record and residents of the european union. only a few can pass the test. having a bank account in monaco you need a minimum deposit of $400,000 and the country's real estate is the most expensive in the world. this apartment sold for more than $300 million. >> monaco is very safe. >> reporter: she sells most of the competenexpensive. >> the most expensive sold for around $13 million to a british client. >> any more details? >> no. no comment. >> reporter: in monaco secrecy is part of the service but foreign governments comp
in monaco they pay zero income tax, zero capital gains tax and zero inheritance tax. this is one of an army of accountants who help the wealthy tax kpiexiles. >> if you have a lot of money you're welcome. >> reporter: is this a safe place to enjoy wealth, is that right? >> absolutely. the monaco lifestyle. >> reporter: he lives in monaco and tennis championship and the super model and former beatle ringo starr are reportedly residents. keeping them company are thousands...
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pay for tax cuts for the wealthy. >> how they can justify raising taxes on the middle class that has been buried the last four years. how in lord's name can they justify raising their taxes. >> reporter: republicans pounced calling biden's remarks that the middle class has been buried for four years a stunning admission. the obama campaign called that a desperate and out of context attack. the vice president shrugs off his tendency to shoot from the lip. >> nobody ever doubted i mean what i say, the problem is i say all that i mean. >> reporter: this is the third time biden made comments that needed to be cleaned up. in democrats biden made this reference to programs. >> he let the big banks write their own rules. unchain wall street. going to put y'all back in change. >> reporter: then biden went on the issue of same sex marriage before the president's announcement. >> i'm comfortable with the fact men marrying men and women marrying women are entitled to the same exact rights all the civil rights all the civil liberties and quite frankly i don't see much of a distinction beyond tha
pay for tax cuts for the wealthy. >> how they can justify raising taxes on the middle class that has been buried the last four years. how in lord's name can they justify raising their taxes. >> reporter: republicans pounced calling biden's remarks that the middle class has been buried for four years a stunning admission. the obama campaign called that a desperate and out of context attack. the vice president shrugs off his tendency to shoot from the lip. >> nobody ever doubted...
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. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with our partners at "u.s.a. today." we'll get the job done together. it starts at 9:00 p.m. on wusa9.com. we'll live stream the debate there on our website and be sure to watch 9news now at 11:00 for the most accurate debate coverage. >>> if you're not being avoiced from all the political signs clogging the medians of the virginia highways, there's a reason for that. there's not there anymore. lawmakers got rid of the law which used to allow the signs. right now not even political signs are allowed along public roads. >> too many. you get a little annoyed. >> looks like a lot of chaos. >> they can cause sight distance
. >> how they can justify raising classes in the middle -- raising taxes in the middle class which has been buried. >> reporter: romney said they have been buried. the obama campaign says ryan took mr. biden's comments out of context. in washington, susan mcginnis, cbs news. >> what are the facts and what you're hearing tonight is going to be just spin? we'll sort it all out for you this evening as we fact check the candidates in real time as they speak. we're teaming up with...
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it would grant the district government the power to spend local tax dollars without approval from congress. the council plans to vote on this by december. then it would go before d.c. voters next spring. congress or the president could still crush it. the council is behind the effort. d.c.'s delete opposes it. she says she will keep pushing to secure budget atonmy through a bill in congress. >>> you get paid a half million dollars just for being smart. there's a bit more to it than that. but coming up, we'll speak with a local writer who is a fellow. they call him geniuses. i'll do my best to keep up. >> you do that. still to come in this half hour, a senator's legend weighs in on watching the nationals head to the playoffs. topper. >> we have some clouds. right now, nothing on radar near us, however, we'll show you radar down to the south. different story. we'll tell you where those showers are headed. if they're headed for the ball park and what lies in store for our morning commute tomorrow. >> one airline takes those baggage fees to an even higher level. too many americans are struggli
it would grant the district government the power to spend local tax dollars without approval from congress. the council plans to vote on this by december. then it would go before d.c. voters next spring. congress or the president could still crush it. the council is behind the effort. d.c.'s delete opposes it. she says she will keep pushing to secure budget atonmy through a bill in congress. >>> you get paid a half million dollars just for being smart. there's a bit more to it than...
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the tax policy center estimates most households could see an nch tax increase of -- an average tax increase of $3500. that's because a record number of tax increases are due mostly to the expiration of temporary provisions that were put in place since 2001. they're said to take effect in january. all tolled, the center estimates the taxes would rise by more than $500 billion in 2013. the good news? if you think congress will let all the scheduled tax increases take effect but at the moment it's not clear what kind of fiscal clear deal lawmakers want to negotiate. and anything they do resolve won't happen till after the election. >>> it's a boy for yahoo's c.e.o. mar ris ya may -- marissa mayer. she was one of the original employees of google. she planned to go back to work a few weeks after giving birth and her comments set off a lengthy debate about how corporate family policies makes it hard to juggle a successful career and family. >>> questions are being raised about ikea's commitment to gender equality. the swedish furniture maker is under fire for ads like this one. you take a look, t
the tax policy center estimates most households could see an nch tax increase of -- an average tax increase of $3500. that's because a record number of tax increases are due mostly to the expiration of temporary provisions that were put in place since 2001. they're said to take effect in january. all tolled, the center estimates the taxes would rise by more than $500 billion in 2013. the good news? if you think congress will let all the scheduled tax increases take effect but at the moment it's...
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that's the same tax charged in d.c. restaurants. before the new tax food truck operators paid the city a $1,500 flat rate every year. >>> you may not be familiar with his face, but you'll know his cartoon. coming up we'll introduce you to the host of this year's oscar. >> 50 years ago james meredith was admitted to the university of mississippi. i'm randall pinkston in oxford as ole miss marks a dramatic moment that changed the school and the state. >> i'm matt jablow. coming up a man with deep ties to professional baseball in washington reflects on the nationals' success, that story straight ahead. >>> welcome back to nats park. i'm derek mcginty. we are live here where the washington nationals will take on the philadelphia phillies in less than two hours. if they can win this 1 game, they will clinch the national -- one game, they will clinch the national game east and roll into the playoffs. we heard the gates are now open, so the washington national fans will begin to stream in. i even see a couple of folks here right now. they'
that's the same tax charged in d.c. restaurants. before the new tax food truck operators paid the city a $1,500 flat rate every year. >>> you may not be familiar with his face, but you'll know his cartoon. coming up we'll introduce you to the host of this year's oscar. >> 50 years ago james meredith was admitted to the university of mississippi. i'm randall pinkston in oxford as ole miss marks a dramatic moment that changed the school and the state. >> i'm matt jablow....
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Oct 4, 2012
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mitt romney talked about his tax plan. what the president was trying to say was you can't have a program of tax cuts and also increase in defense spending. that adds up. without drastic spending cuts. that's one of the things people will be going after mitt romney. also his claims about health care plan and medicare, how his plan would work out. i think in particular the question of the taxes and the budget and how that would affect people it will really put into place that will be the main fact checking question going forward. >> john, i feel facts has been one of the casualties in this campaign, certainly both sides. there's stuff in papers analyzing what obama said that was untrue and what mitt romney said that was untrue. let's talk about mitt romney's tax plan. he wants to cut everyone's rate by 21%. is it true that that would cost $5 trillion? yes or no? >> reporter: well the question is how do you shape it? the question for romney is not necessarily that he's telling an untruth it's that he's not giving us any of th
mitt romney talked about his tax plan. what the president was trying to say was you can't have a program of tax cuts and also increase in defense spending. that adds up. without drastic spending cuts. that's one of the things people will be going after mitt romney. also his claims about health care plan and medicare, how his plan would work out. i think in particular the question of the taxes and the budget and how that would affect people it will really put into place that will be the main...
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Oct 3, 2012
10/12
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because the city was low on cash, however, the mayor says that the city did find enough money from taxes and the grand prix ticket sales to avoid closing the west lafayette firehouse. the fire chief james clack says this decision means that the people of baltimore are now safer >>> you might want to be extra careful when driving to work this morning since there will be large numbers of students out and about. that's because it's international walk to school day to celebrate. children from preschools, elementary school and mill schools will be accompanied to class. the goal of today's event is to raise awareness of the need to create safer paths for walking and for biking. >>> an exciting day for our state. maryland is expected to be ranked as one of the top 10 most energy-efficient states in the country. the announcement will come later on this morning during a national news conference. maryland will get special attention for making the top 10 on that list. >>> news time now 4:36. if you want to get a free lunch today, head to the pink picnic, it's going to be held honoring breast cancer
because the city was low on cash, however, the mayor says that the city did find enough money from taxes and the grand prix ticket sales to avoid closing the west lafayette firehouse. the fire chief james clack says this decision means that the people of baltimore are now safer >>> you might want to be extra careful when driving to work this morning since there will be large numbers of students out and about. that's because it's international walk to school day to celebrate. children...
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Oct 7, 2012
10/12
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the legal immigrants would be allowed in state tuition rates if parents paid taxes and they attended local public schools. opponents say other taxpayers should not be made to foot the bill for people not here legally. andrea mccarren was at today's rally. >> i love this country. when i say home, i mean here. >> i do consider myself an american. >> up, up with education, down, down with deportation. >> they are among the so- called dreamers. students whose parents brought them into this country illegally. >> my mom even says that you are more american than spanish anymore. you still get confused in spanish words. i'm like yeah, i know. >> a cancer survivor who says his surgery at johns hopkins saved his life. rickie wants to share his gratitude. >> i have to give back to society. i think the way i want to do it is becoming a doctor and save lives, just as my life was saved once. >> opponents of the dream act call it a bad investment for maryland taxpayers. brad of help save maryland calls it criminal. and says it would cost taxpayers $44,000 per student. >> it's part of life. not ever
the legal immigrants would be allowed in state tuition rates if parents paid taxes and they attended local public schools. opponents say other taxpayers should not be made to foot the bill for people not here legally. andrea mccarren was at today's rally. >> i love this country. when i say home, i mean here. >> i do consider myself an american. >> up, up with education, down, down with deportation. >> they are among the so- called dreamers. students whose parents brought...
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Oct 6, 2012
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. >> virginia is providing [ male announcer ] who will raise taxes on the middle class? according to an independent non-partisan study, barack obama and ththe liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and commco sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yoursf at american.com. obama and his liberal allies? wean't afford four more years. i'm mitt romney and i approve this message. ♪ ♪ [ man ] when i'm in my zone... every move i make is a statement... ♪ ♪ ...that inspires me to make my mark. ♪ ♪ [ male announcer ] the all-new lexus es 350. ♪ ♪ acts virginia it is holding its annual sales tax holiday on energy efficient projects. consumers can buy energy- efficient products like dishwashers and he poms without having to pay taxes. it must be less than $2,500 and have the energy star designations. a complete list of the tax exempt items can be found at tax.virginiao.gov. >> pepco has errors and for a number of customers in the sil
. >> virginia is providing [ male announcer ] who will raise taxes on the middle class? according to an independent non-partisan study, barack obama and ththe liberals will raise taxes on the middle class by $4,000. the same organization says the plan from mitt romney and commco sense conservatives is "not a tax hike on the middle class." want proof? read the non-partisan study for yoursf at american.com. obama and his liberal allies? wean't afford four more years. i'm mitt...
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Oct 3, 2012
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. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan said the middle class has been buried. >> they are being buried by the obama administration's economic failures. >> reporter: the obama campaign said ryan took mr. biden's words out of context. the president will have the first word tonight, mitt romney will have the last. >> susan, thank you. this is where you can watch tonight's debate. our coverage begins at 9:00 p.m. eastern right here on cbs. meanwhile off the campaign trail conservative blogs were budsing about fox news recent airing about a 2007 speech by a then senator obama before a black audience. he expressed suspicion the federal government was withholding recovery money to new orleans after hurricane katrina. >> when hurricane andrew struck in florida people said look at this devastation. we don't expect to you come up with the almighty money. here's the money. you're part of the american family. what's happening down in new orleans? where is your dollar? where is your money? makes no sense. tells me
. >> how they can justify raising taxes on the middle class that's been buried the last four years. >> reporter: paul ryan said the middle class has been buried. >> they are being buried by the obama administration's economic failures. >> reporter: the obama campaign said ryan took mr. biden's words out of context. the president will have the first word tonight, mitt romney will have the last. >> susan, thank you. this is where you can watch tonight's debate. our...
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Oct 8, 2012
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>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the problem. we have a $1 trillion annual deficit. carried interest would carry about one tenth of 1%. we should solve the deficit. >> it sounds like you say keep it. >> i'm saying look at everything but look at it in the context what it will kofl. our bigger is not carried interest it's the deficit and the $16 trillion of debt. that's a far greater problem. >> what would you do and what would you recommend whoever the next president do to solve the fiscal cliff crisis? >> first what i would recommend and again i was in government and i didn't solve all these problems so i'm not a person that
>> in the context of comprehensive tax reform everything should be looked at. we have to recognize we have a $1 trillion annual deficit. unless we deal with ways of getting revenue and cut spending we'll be in a bad situation in our country for quite some time. carried interest shouldn't be singled out. everything shoulgd be looked at. >> due agree it should be taken out. everything should be looked at. but with respect to carried interest. >> carried interest won't solve the...
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Oct 5, 2012
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the commonwealth sales tax holiday runs all the way through monday and that means you do not have to pay sales taxes on things like heat pumps, dishwasher, washing machines, and toilets that are certified as energy efficient and cost less than $2500. >>> apple's iphone 5 is still as fast as the fastest android phones. there are plenty of differences. consumer expert, lesli foster, looks at the pros and cons of apple versus android. >> this commercial makes fun of apple fans. it claims that android phones had better features and capabilities than the iphone 5. >> this year, we are finally getting everything we didn't get last year. >> consumer reports put all the phones through their paces to assess each one's features and options. everyone wants to big screen to play games and use apps. the iphone 5, 4-inch screen is apple's biggest yet, but it can't compare with those on many andorid phones. >> voice control is another area of competition. android capabilities are quite good, but no match for suri. >> bruce willis movie. >> okay, i found some theaters. >> next, navigation. >> androi
the commonwealth sales tax holiday runs all the way through monday and that means you do not have to pay sales taxes on things like heat pumps, dishwasher, washing machines, and toilets that are certified as energy efficient and cost less than $2500. >>> apple's iphone 5 is still as fast as the fastest android phones. there are plenty of differences. consumer expert, lesli foster, looks at the pros and cons of apple versus android. >> this commercial makes fun of apple fans. it...
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Oct 2, 2012
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an event on the horizon could cost you an extra $3500 in taxes next year. i'll tell you all about it at 6:07. you're watching 9news now. krystal conwell : we see a lot of problems with the... number of students that we have. resources. materials. things that the children need... on a day-to-day basis. anncr: question seven will help. the department of legislative services says question seven... will mean hundreds of millions of dollars... for schools...from gaming revenues that would have... gone to other states. and independent audits will guarantee the money... goes where it's supposed to. krystal conwell: i think people should vote for question... seven because i think it will be a great benefit to children. >>> welcome back. we're still recovering from henry winkler being here this morning. he's just terrific. in today's hero central report. it has little to do with campaign 2012. that's because the group helping more people becoming eligible to vote. >> 3,000 people become americans every day. jc hayward introduces us to a local organization that helps
an event on the horizon could cost you an extra $3500 in taxes next year. i'll tell you all about it at 6:07. you're watching 9news now. krystal conwell : we see a lot of problems with the... number of students that we have. resources. materials. things that the children need... on a day-to-day basis. anncr: question seven will help. the department of legislative services says question seven... will mean hundreds of millions of dollars... for schools...from gaming revenues that would have......
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Oct 5, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> coming up on 6:23 right now. just two more jobs reports will be released before the election and one is coming out this morning. first, let's take a look it market. lauren simonetti with the business beat. >> happy friday. >> mitt romney's debate performance, a lot of people still talking about that. it seemed to make wall street pretty happy. >> it really did. many people would tell you we had a romney rally yesterday and they say that because, if you look at the sectors that soared, they were financials, energy and materials. they were all up because of what romney said. he said he would boost domestic production of oil and coal, hence energy materials were higher. he all said he would pull back on dodd frank and other financial reforms. the banks were higher yesterday. all in all, great day for stocks
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >>> coming up on 6:23 right now. just two more jobs reports will be released before the election and one is coming out this morning. first, let's take a look it market. lauren simonetti with the business beat....
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Oct 2, 2012
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according to the tax policy center, a typical middle income family would see its taxes go up about $2,000. a family making between $110,000 and $140,000 zoo see a like in the $6 how range. congress may not let that happen. the "new york times" reports that senate leaders are working on a three-step plan to avoid the automatic cuts that lawmaker would hammer out in the post-election session. elec >>> and here is more you will have to pay for. lunch just got a little more expensive at d.c.'s food trucks. the owners had always paid a flat $1500 tax. now, the city is implementing the sales tax act and food trucks are no longer immune. they have to charge 10% on every sale. the tax went into effect yesterday and while most customers weren't happy about the extra fee, it didn't seem to impact the number of people lining up for for food. >>> a new parking plan to d.c. it would preserve spaces for disabled drivers. under mary cheh's plan, all drivers would have to pay to park but about 10% would be red in color and reserved for the disabled drivers. it is expected to cut down on fraud. >>> coming
according to the tax policy center, a typical middle income family would see its taxes go up about $2,000. a family making between $110,000 and $140,000 zoo see a like in the $6 how range. congress may not let that happen. the "new york times" reports that senate leaders are working on a three-step plan to avoid the automatic cuts that lawmaker would hammer out in the post-election session. elec >>> and here is more you will have to pay for. lunch just got a little more...
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Sep 30, 2012
09/12
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WBAL
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they gave the gambling companies huge tax reductions. wouldn't you or a small business in maryland like a tax reduction? >> you're not for gambling in america. are we seeing money come in as a result of it though? >> barely. we've spent $266 million to buy this slot machines with taxpayer money and we're just getting up to where we're finally breaking even as far as revenues. the key thing about gambling is, doesn't produce money for education. doesn't produce jobs. doesn't produce new revenue. you're seeing that reflected in the polls. but it's -- i say to people in baltimore, if you love gambling and think it's great, still vote against question seven. that special session was corrupt. i mean, there's no other way to describe it. >> i'm sure we'll be talking about this a little bit more as the week goes on. before you go -- i understand that you're working on a real time campaign for finance disclosure for candidates. tell us about that. >> sure. $30 million will be spent on the gambling referendum. that money, soon as it's spent, soon
they gave the gambling companies huge tax reductions. wouldn't you or a small business in maryland like a tax reduction? >> you're not for gambling in america. are we seeing money come in as a result of it though? >> barely. we've spent $266 million to buy this slot machines with taxpayer money and we're just getting up to where we're finally breaking even as far as revenues. the key thing about gambling is, doesn't produce money for education. doesn't produce jobs. doesn't produce...
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Oct 3, 2012
10/12
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looking for a breakout moment and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through. but both candidates are seasoned debaters. and right now, romney is spending time with his family at a denver hotel and president obama just wrapped up his walk through of the debate hall. live in denver, colorado, danielle nottingham, back to you. >> we are four hours from 9:00 when the debate will all get started tonight. there is a new u.s.a. poll out today. they asked the voters who do you think will win this debate regardless of who you support? 57% said president obama would probably win. 33% said mitt romney was likely the better debater. susan page says this debate has a lot of power. >> 80% of americans say their mind is made up, they aren't going to change their vote, but 21% of registered voters said they could change their mind. >> you just heard it. the significant group of voters could be persuadeabl
looking for a breakout moment and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through. but both candidates are seasoned debaters. and right now, romney is spending time with his family at a denver hotel and president obama just wrapped up his walk through of the debate hall. live in denver,...
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Oct 6, 2012
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argument against mitt romney calling the romney team out on some of these specifics whether it's on tax cuts or on medicare. i think one of the interesting dynamics to watch in the vice presidential debate is there's a difference between what paul ryan believes and what mitt romney believes and that is on these, on some of these important issues about taxes and health care and medicare. so that's an area where you can imagine vice president biden working to press ryan on the details and the inconsistencies between the two of them. >> really interesting point. thanks so much. >>> coming up in our next half hour, round 2009 the presidential debate and how body language is so important in determining the winner. >>> breaking news from rome. there's a verdict in the trial of pop benedict's former butler. paolo gabriele was convicted this morning of leaking the pope's private papers to a wrournlist. he's been sentenced to 18 months in prison. >> reporter: good morning. well the prosecution wanted three year sentence, the defense asked for an acquittal. the butler said he acted on behalf of t
argument against mitt romney calling the romney team out on some of these specifics whether it's on tax cuts or on medicare. i think one of the interesting dynamics to watch in the vice presidential debate is there's a difference between what paul ryan believes and what mitt romney believes and that is on these, on some of these important issues about taxes and health care and medicare. so that's an area where you can imagine vice president biden working to press ryan on the details and the...
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Oct 4, 2012
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the mayor says tax prix... werr greater than &pbudgeted.....evee though the race itself lost millions of dollars.(mayor) 06:48:56 " the operrtor of thh race lost, but though they're happy to see truck ttn - saved. fire unioo officials still hold ouu hopp that eventually money can be pound to eopen the twooothee companies that were permanently closee this year. p:8 ""ell there's always efforts to try and revive them. i'd love toosee them open back up and we'll look at roeder - fox 45 news at ten. the mayor says unbudgeted tax revenues aad fees rom the point-4 million dollars. 1- 3 3144i am much more than a pumber on a scale 07 an anchor responds... to an emaii from a viewer... her influence... on othhrr poung women...in aboot 10 minutee on fox45 neww aa ten <> open>> theecandidates face off..we ask viewers in phe breakk- krystal conwell : we see a lot of problems with the... number of students that we have. resources. materials. things that the children need... on a day-to-day basis. anncr: questi
the mayor says tax prix... werr greater than &pbudgeted.....evee though the race itself lost millions of dollars.(mayor) 06:48:56 " the operrtor of thh race lost, but though they're happy to see truck ttn - saved. fire unioo officials still hold ouu hopp that eventually money can be pound to eopen the twooothee companies that were permanently closee this year. p:8 ""ell there's always efforts to try and revive them. i'd love toosee them open back up and we'll look at roeder -...
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more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a trillion dollars in higher taxes. even on the middle class. mitt romney and common sense conservatives will cut taxes on the middle class. and they'll close loopholes for millionaires. obama and his liberal allies? we can't afford four more years. [ romney] i'm mitt romney and i approve this message. we can't afford four more years. these appliances could have been made here in america. but a company called global tech maximized profits by paying its workers next to nothing... under sweatshop conditions in china. when mitt romney led bain, they saw glo
more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... even though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? barack obama and the liberals already have. to pay for government-run healthcare, you'll pay higher taxes and more for your medicine. and their plan includes a...
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Oct 3, 2012
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that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multi-millionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this economy in a way that's meant to last, with a strong middle class at its core. the last thing we should do is go back to the policies that crashed the economy in the first place. >> all right. >> that's what mitt romney and paul ryan are promising to do. >> stephanie cutter, we're out of time for the moment. thank you for your time this morning. >> thank you, savannah. >> watch tonight's debate live starting at 9:00 eastern, 6:00 pacific time right here on nbc. at 18 minutes past the hour, here's david. >> a big trial in italy capturing global
that's a tax cut geared towards the wealthy. wants to give a $250,000 tax cut to multi-millionaires, but in order to pay for that, even mitt romney's own economists say we'll have to raise taxes on the middle class. that's exactly what crashed the economy and punished the middle class in the first place. you'll hear the president talk about that tonight, and we shouldn't return to those policies. we have to continue moving forward on the path that we're on. the president is rebuilding this...
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if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get a good deal. neil: mitt romney got in trouble when he tried to clarify just that view. but i'm not going to lower taxes as much as you think, i'm going to get rid of a lot of deductions and he left himself open to critics who said wait a minute, you were tax cuts are worth the paper they are printed on. but the goal is to get to a simpler tax code that when you takout some of the extraneous write-offs and allowances, credits, etc., and that he will get it something that makes it a black-and-white case,. >> and there is a question which is why don't politicians wanted. you would assume that they
if you look at the chart, you can see that the most income from our taxes come from individual taxes. the third bar is corporate taxes and you can see the 7.9%. now, we have about $200 billion from corporate taxes. that is how much our government received from corporations. that was for prfits in the year 2011. $2 trillion. if you can figure it out, that's a 10% tax rate. in other words, there are so many deducons and special deals for the high rollers, the big people. even at 35%, we don't get...
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Oct 6, 2012
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promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's intent. that's not romney's intent. romney god -- got to say the president is the one who's not telling the truthecaui woul do . >> a romney advisor last week said we have two goals. one is deficit reduction, one is tax cuts. cuts ie w we'll do deficit reduction. gwen: there's anoth numbe $716 million to deal with medicare but it's coming from different places and going to different places and trefore th fin - of de u in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for
promised so it's the estate tax plus a.m.t. plus keeping bush, plus lowering rates plus cutting capital gains taxes. you put them together, they add up to 5 trillion but in romney's mind his plan may be just saving the bush tax cuts or one of these five. >> what obama has done is landfalled onto a study that says because the math doesn't add up according to th experts, therefore what romney is going to do is raise taxes on the middle class. he goes around saying that as if it was romney's...
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Oct 1, 2012
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the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for how long and when to get the 0.9% added? >> it is a good question. >> is added after one to $25,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare taxes 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundred
the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for...
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Oct 1, 2012
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our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government spending. eliminating alling a churm sub i dids and new see land began feeding itself and became the great source of the food around the world and competed in dairy with wisconsin so aggressively that the wisconsin dairymen accused of them of unfair trading practice alls all the way from new zealand. it is the great vanity of bureaucrats that somehow their jobs are awfully important. but after the second world war, we eliminated 150,000 bureau crateds, millions of federal workers and the same economists are therefore bearers
our tax rates and deregulate. in the book, i tell the stories of new disee zealand, israel, a number of countries that have faced crisis far exceeding our current predicament. and new zealand is one of favorites. it was the third richest country in the world in the 1930s and by the 1980s it was the third world country. and it couldn't even feed itself. and 5% -- 45% of all agricultural revenue came from the deposit. it was socially a socialist country. they flat end out all of their government...
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Sep 30, 2012
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when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the government spends. we cannot keep the federal reserve doing what it is doing. we cannot keep looking our children in the eye knowing we're going to give them a diminished future because we are spending their money today. it is a simple idea. mitt romney and i are going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get the balanced budget. we must get the debt under control. [applause] this not only hurts our economy with the threat of higher interest rates and much higher tax rates. ournow we're giving children and grandchildren a lower sta
when we tax our job creators at much higher tax rates than foreign competitors, we lose and they win. we do not want to tax the small businesses. our jobs come from these successful small businesses. we want them to hire more people. that is essential. none of this is going to work, no business will be confident to take the risk to hire people, give the raises and job security, if they see the government borrowing and spending like it is. we cannot keep borrowing 36 cents of every dollar the...
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the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s and '40 50s the rest of the world had basically destroyed the rest of its capacity in world war ii so we made everything we wanted, cars, t-shirts, socks, televisions, electronics. we made that all here in the u.s., were consumed it. we exported it because nobody else was doing it. we are not going back to a world in which we will have a monopoly on industrial production. in fact, it's the opposite. everybody else now hats hardware to make all the stuff that we did, so it is much more of a challenge to just say, you know, we're going to do these sort of three things that w
the stimulus was one-third tax cuts, big payroll tax cuts. plenty of tax cuts. >> very true. >> and for small business tax cuts, too. >> export boom, exports on a monthly basis have risen 50% from their low in march of 2009. the difference is that we have an economy in which rising demand doesn't necessarily translate into more jobs instantly because we're so good at being productive. we use machinery and software computers. the other big difference between now and the '40s...
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Oct 6, 2012
10/12
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one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries. it's meant to come from providers. however, what romney was saying is that if you take that much from providers, some of them are going to stop taking medicare parents. the trick for him is that paul ryan, his running mate, also assumed the same $716 billion. gwen: and i believe romney's answer to that was i'm the candidate. >> i'm the boss. we're going to put that money back into medicare. gwen: going into these debates we were all probably guilty of setting the expectations bar and it was pretty high for president obama. i think the polls before showed him like 51% thought he was going to win. 29%
one is deficit reduction, one is tax cuts. if tax cuts get in the way, we'll do deficit reduction. gwen: there's another number. $716 million to deal with medicare but it's coming from different places and going to different places and therefore they find -- kind of ended up in a draw. >> for the president's health care plan, in order to fund it they assumed savings over 10 years of $716 billion for medicare. mitt romney called that a cut in medicare as if it was a cut in beneficiaries....